Financial Aid 101: Tips and Advice Q&A from the webinar held Jan. 20, 2015

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Financial Aid 101: Tips and Advice Q&A from the webinar held Jan. 20, 2015"

Transcription

1 Financial Aid 101: Tips and Advice Q&A from the webinar held Jan. 20, 2015 Responses from Erin Wolfe, Director of Student Financial Services; Katie Erdley, Associate Director of Student Financial Services; and Brent Wallisch, Assistant Director of Student Financial Services The questions submitted via the live session have been edited for clarity and similar questions were combined to eliminate redundancy. Responses have been modified as needed to more appropriately address the revised questions or provide additional information. FINANCIAL AID AWARDS My student was awarded a merit scholarship. Financial aid would be monies awarded in addition to his scholarship, right? A merit scholarship awarded through the admission process is based on the student s academic achievement and position in our applicant pool, and has nothing to do whatsoever with financial need. Merit scholarships are incorporated into a need-based aid package, which could include state, federal, and SU funds. What is an average financial package that you offer? Our average scholarship and grant aid was $27,426 during the academic year. If my son receives a local grant or other local scholarship, does the amount of his financial aid change? In most instances students see no change to the aid that SU has offered. In some situations, federal work study or loan amounts might change to accommodate the additional award. In rare circumstances, we need to reduce Susquehanna gift aid. How do you apply for a PHEAA grant? Your FAFSA doubles as your application for the PA state grant. PHEAA requires some additional paperwork, which you can complete online immediately upon filing the FAFSA, or select to print and mail to the Agency. The state grant awards are determined by PHEAA s board of directors and final awards are communicated directly to the student by the Agency. Awards made by PHEAA are typically in the form of grants, which means they don t need to be repaid. You can find details on PHEAA s website at

2 Q&A Page 2 What advice or options can you give a student whose parent cannot provide any financial help? Your financial aid package is based on your parents income, regardless of their willingness or ability to help you, and ultimately the responsibility of paying for college rests with your family. You certainly want to be applying for outside scholarship opportunities to help bridge the gap that might exist between your aid offer and our costs. I suggest that you complete the aid process and call the office to discuss payment mechanisms after you receive your aid offer. Is the PLUS loan available to parents only, or could my student apply for this loan? Through the PLUS loan program, parents may borrow an annual amount up to the cost of attendance less financial aid. Students cannot borrow a PLUS loan for undergraduate education. Is there a benefit to using the funds in a 529 all at once or is it better to spread them out over the 4 years if all the funds would only cover just less than one year? Good question! This is really up to you. If you are intending to borrow loans, it might be to your advantage to front load the 529 funds so you don t have interest accruing beginning with year one. You may want to check in with your 529 plan to make sure there are no restrictions on how you use the funds. Although Division 3 schools do not provide athletic scholarships, can additional academic funding be available to support those athletes who display this unique skill characteristic? No. Student athletes are considered for merit awards through the admission process, just like all other applicants to Susquehanna. We do not have merit based scholarships specifically for athletes. Do you require the CSS Profile and when is it due for incoming students? The CSS Profile is required for Early Decision applicants only. Could we make interest payments on our student s Federal Direct student loans while my students in school? Yes, and we encourage you to do so! Your student will be notified of her loan servicer after her loans are disbursed to Susquehanna University in the fall. She will want to contact her loan servicer at that time to make arrangements to receive interest bills. She can find her loan servicer s information by creating an account on the National Student Loan Data System s website, What office at Susquehanna handles GI Bill use and Yellow Ribbon applications? We work jointly with our VA certifying official, who works out of our Registrar s Office. You can feel free to direct your questions to Financial Aid, and we will direct you appropriately.

3 Q&A Page 3 FAFSA GENERAL FILING QUESTIONS Is it better to file the FAFSA with estimated information or wait until February to file with actual taxes? You should file the FAFSA by March 1. If this requires you to estimate and update later, that is ok. You can log back into the FAFSA two weeks after filing your return electronically to update income directly from the IRS website by utilizing the IRS data retrieval tool. Is it possible to receive non-need-based aid without filling out the FAFSA? Yes. Non-need based aid would be a merit scholarship that Susquehanna would award, and that is done through the admission process. You ll need to file a FAFSA for any additional consideration. Who needs to sign the FAFSA? One parent needs to apply the electronic PIN, and the student needs to sign with his/her electronic PIN. I already have a PIN because I have a current college student. Do I need a new PIN? Do I need to file two FAFSAs? Parents can use the same electronic PIN for each student, but each student needs his own PIN and FAFSA. I have two last names on my Social Security card but only use one on my tax return/driver's license, etc. Do I need my FAFSA to have both last names? Yes, your FAFSA needs to reflect your Social Security card. I completed the FAFSA on line and received confirmations for the successful application. You mentioned a one-week turnaround from FAFSA. What do you do if that time is past and still no response from FAFSA or no SAR is identified? Be sure to check your spam box in your to make sure the didn t end up there accidentally. If you haven t received the SAR after 10 business days, you might want to follow up with the Department of Education by calling FED-AID. What is the purpose of the Student Driver s License Question on the FAFSA? This is used to verify your state of residency. What is the asterisk thing you mention that indicates the FAFSA is going to be selected for review? If your FAFSA is selected for verification, you will find an asterisk by your EFC. Your financial aid office will contact you for more information later in the process.

4 Q&A Page 4 FAFSA DATA RETRIEVAL TOOL Do you have to use the IRS data retrieval tool? You can enter the information yourself, or you can opt to utilize the data retrieval tool. The IRS Data Retrieval Tool is simply an easier method for some to use when applying for financial aid. The data retrieval tool can be used two weeks after your federal tax return is filed electronically. FAFSA INCOME REPORTING Several people asked us to repeat the box codes from the W-2 form where untaxed income is reported and which needs to be included on your FAFSA. The W-2 box codes are D, E, F, G, H and S. My parents live in Japan and do not file taxes in U.S. How am I supposed to report their income and so on? If you are a US citizen, you will still need to report your parents income in US dollars, using the exchange rate at the time you complete the application. Should I report the value of my 401(k) or IRAs on the FAFSA? No. You should only report the IRA if it is considered an educational IRA. Should a grandparent s 529 plan be communicated on the FAFSA? The value of assets owned by a grandparent is not reportable on the FAFSA. However, if a grandparent provides any type of financial support to the student, that support is reportable on the following year s FAFSA as student income. Should student savings bonds be listed as a part of the student s assets? Yes, if the student has savings bonds, the value should be listed as a student asset. How do we indicate that our 2014 tax return will not be reflective of the year to come, due to job loss, retirement, divorce, separation, etc.? Please call our office so that we can discuss your circumstances. We will likely have additional paperwork for you to complete. Is Social Security Disability considered taxable income on the FAFSA? No, it is not reported on the FAFSA. Is Long-term Disability Income from an insurance company reported on the FAFSA? The FAFSA considers disability as untaxed income. Please note, however, that you would not report Social Security on the FAFSA.

5 Q&A Page 5 FAFSA PARENT MARITAL STATUS & HOUSEHOLD SIZE INFO How do we determine household size? The household size includes the student, parents, parents other children (if your parents will provide more than half of their support between July 1, 2015, and June 30, 2016), and other people if they now live with your parents, and your parents provide more than half of their support. I am remarried. Do I include my husband s income on my daughter s FAFSA, even though he s not her biological father? Yes, the step father s income is included on the FAFSA. STUDENT EMPLOYMENT AND WORK-STUDY Do athletes also have time to participate in work-study? Yes. Many athletes have work study jobs. Is the ability for the student to obtain a campus job dependent on financial need? No. However some positions are specifically funded through Federal Work Study money. In those instances it would depend on financial need. However, at Susquehanna University we have quite a few positions for students who do not qualify for Federal Work Study. What are the pros and cons of answering the "Are you interested in being considered for work-study"? This simply lets the student financial services office know whether or not work-study should be incorporated into your aid package, if you qualify. Unable to find your question or the information you were seeking? Please contact our Office of Student Financial Services with your question via the information listed below. Thank you!

Filling Out the FAFSA

Filling Out the FAFSA Filling Out the FAFSA Free Application for Federal Student Aid The Path to Financial Aid Starts Here FAFSA What s Inside? Federal student aid is provided by the U.S. government to help you pay for college.

More information

FINANCIAL AID NIGHT 2015 2016

FINANCIAL AID NIGHT 2015 2016 FINANCIAL AID NIGHT 2015 2016 1 Understanding the College and Financial Aid Application Process Be patient, thorough, and organized as you go through the college admission and financial aid application

More information

What You Need to Know About Financial Aid. Office of Financial Aid

What You Need to Know About Financial Aid. Office of Financial Aid What You Need to Know About Financial Aid Office of Financial Aid 1 Tonight s Topics What is Financial Aid Cost of Attendance (COA) Expected Family Contribution (EFC) Financial Need Types & Sources of

More information

Financial Aid Overview

Financial Aid Overview Financial Aid Overview 1/14/2015 1 Presentation Objectives Understand the financial aid process and timeline Know the different types of financial aid and how to access each of them Understand why everyone

More information

Financial Aid 101 What You Need To Know About Financial Aid

Financial Aid 101 What You Need To Know About Financial Aid Financial Aid 101 What You Need To Know About Financial Aid Jevita Rogers, Director, UCCS Financial Aid Branden Williams, Counselor, UCCS Financial Aid All information in this presentation is general and

More information

Cost of Attendance (COA) EFC = Demonstrated Financial Need. APPLYING FOR FINANCIAL ASSISTANCE

Cost of Attendance (COA) EFC = Demonstrated Financial Need. APPLYING FOR FINANCIAL ASSISTANCE APPLYING FOR FINANCIAL ASSISTANCE The Office of Financial Aid is dedicated to responding to the needs of our students. We are committed to assisting our students achieve their educational goals by providing

More information

Accepted Student Reception Financial Aid Presentation. March 29, 2015

Accepted Student Reception Financial Aid Presentation. March 29, 2015 Accepted Student Reception Financial Aid Presentation March 29, 2015 Understanding Your Financial Aid Award Letter Screen shot of award letter here Screen shot of award letter here Estimated costs and

More information

Filing Your Free Application for Federal Student Aid (FAFSA) Academic Year 2015-2016

Filing Your Free Application for Federal Student Aid (FAFSA) Academic Year 2015-2016 Filing Your Free Application for Federal Student Aid (FAFSA) Academic Year 2015-2016 Federal Student Aid PIN Obtain a Federal Student Aid PIN Available online at www.pin.ed.gov Required for students and

More information

Financial Aid Seminar

Financial Aid Seminar Financial Aid Seminar What is financial aid? What are the sources of financial aid? How will colleges determine your eligibility for aid? When and how do you apply for aid? Principles of Financial Aid

More information

Financial Aid 101. Seminole State College

Financial Aid 101. Seminole State College Financial Aid 101 Seminole State College How Can I Apply for Financial Aid? Complete a FAFSA (Free Application for Federal Student Aid) each school year in summer before fall starts (www.fafsa.ed.gov or

More information

Topics We Will Discuss Tonight. What is financial aid Categories, types and sources of financial aid Free Application for Federal Student Aid (FAFSA)

Topics We Will Discuss Tonight. What is financial aid Categories, types and sources of financial aid Free Application for Federal Student Aid (FAFSA) Topics We Will Discuss Tonight What is financial aid Categories, types and sources of financial aid Free Application for Federal Student Aid (FAFSA) What is Financial Aid? Financial aid is funds provided

More information

Oakland University Financial Services Funding Education Beyond High School Supplemental Worksheet

Oakland University Financial Services Funding Education Beyond High School Supplemental Worksheet Elements of Financial Aid Oakland University Financial Services Funding Education Beyond High School Supplemental Worksheet A) Four types of financial aid available to students: B) Three different categories:

More information

JESUIT HIGH SCHOOL COLLEGE FINANCIAL AID NIGHT

JESUIT HIGH SCHOOL COLLEGE FINANCIAL AID NIGHT JESUIT HIGH SCHOOL COLLEGE FINANCIAL AID NIGHT PRESENTED BY UNIVERSITY OF PORTLAND S OFFICE OF FINANCIAL AID RUSSELL SEIDELMAN MOLLY WALSH NOVEMBER 19, 2015 HOW WILL I PAY FOR IT? Family support Grants

More information

2/2/2015. Completing the FAFSA. {Unlock money for college} Even if your parents won the. Types of Financial Aid That Require the FAFSA

2/2/2015. Completing the FAFSA. {Unlock money for college} Even if your parents won the. Types of Financial Aid That Require the FAFSA Completing the FAFSA {Unlock money for college} Even if your parents won the Types of Financial Aid That Require the FAFSA 1 Types of financial aid that require the FAFSA Federal and state grants government

More information

Financial Aid: What You Need to Know

Financial Aid: What You Need to Know Financial Aid: What You Need to Know Presented by: Michelle Anderson Associate Vice President for Enrollment Washington & Jefferson College Presentation Topics What is financial aid? Financial need calculation

More information

FINANCIAL AID 101. Kristen Isaksen Associate Director of Financial Aid Monmouth University

FINANCIAL AID 101. Kristen Isaksen Associate Director of Financial Aid Monmouth University FINANCIAL AID 101 Kristen Isaksen Associate Director of Financial Aid Monmouth University What is Financial Aid? Financial aid is money that helps a student pay for education expenses at a postsecondary

More information

Your comprehensive AMDA Financial Aid planning guide.

Your comprehensive AMDA Financial Aid planning guide. Your comprehensive AMDA Financial Aid planning guide. We know the financial aid process can sometimes be confusing, so we ve tried to make the process easier with this comprehensive guide. Simply follow

More information

Seton Hall University. Where Leaders Learn. Financial Aid 101

Seton Hall University. Where Leaders Learn. Financial Aid 101 Financial Aid 101 Q: What is Financial aid? A: Any form of monetary assistance that helps pay for college This includes, scholarships, need-based grants, loans, work-study, etc. It is not just gift aid.

More information

FINANCIAL AID 2015. OVERVIEW OF FINANCIAL AID A student's financial need is determined by the following equation:

FINANCIAL AID 2015. OVERVIEW OF FINANCIAL AID A student's financial need is determined by the following equation: FINANCIAL AID 2015 INTRODUCTION Below is a brief overview of both federal and state financial aid programs, along with a guide to filing the proper forms. You'll also find a glossary of terms, a list of

More information

Financial Aid 101. What You Need to Know About the College Financial Aid Process. Presented by Jack Zegeer Northern Virginia Community College

Financial Aid 101. What You Need to Know About the College Financial Aid Process. Presented by Jack Zegeer Northern Virginia Community College Financial Aid 101 What You Need to Know About the College Financial Aid Process Presented by Jack Zegeer Northern Virginia Community College Topics Why is college important? What is Financial Aid? What

More information

How to Use this Guide

How to Use this Guide How to Use this Guide Thank you for downloading MEFA s Guide to College Financing. This Guide has been created to help you understand and navigate the entire college financing process. Topics include basic

More information

WINNING AT THE COLLEGE FINANCIAL AID GAME

WINNING AT THE COLLEGE FINANCIAL AID GAME Helping Yourself. Helping Your Parents. Helping Your Children. By the numbers WINNING AT THE COLLEGE FINANCIAL AID GAME With college expenses having risen significantly, financial aid can be a critical

More information

Education Lights the Way at

Education Lights the Way at Education Lights the Way at UC Irvine Today s Topics Sources of Financial Aid General Eligibility Criteria Cost of Education Application Process Needs Analysis Types of Financial Aid Comparing Aid Offers

More information

Example Student Aid Report

Example Student Aid Report Example Student Aid Report 2012-2013 Electronic Student Aid Report (SAR) The SAR summarizes the information you submitted on your 2012-2013 Free Application for Federal Student Aid (FAFSA). Application

More information

National Association of Student Financial Aid Administrators Presents What You Need to Know About Financial Aid

National Association of Student Financial Aid Administrators Presents What You Need to Know About Financial Aid National Association of Student Financial Aid Administrators Presents What You Need to Know About Financial Aid 2013 NASFAA Topics We Will Discuss Tonight What is financial aid? Free Application for Federal

More information

General Financial Aid Questions

General Financial Aid Questions General Financial Aid Questions Can we apply for financial aid at a college/university before we receive an acceptance letter? Yes, the processes are distinct for applying to the school and applying for

More information

What You Need to Know About Financial Aid

What You Need to Know About Financial Aid National Association of Student Financial Aid Administrators Presents What You Need to Know About Financial Aid 2013 NASFAA Topics We Will Discuss Tonight What is financial aid Cost of attendance (COA)

More information

What is Financial Aid. What is Financial Aid. Cost of Attendance (COA) 2/27/15&

What is Financial Aid. What is Financial Aid. Cost of Attendance (COA) 2/27/15& What is Financial Aid What is Financial Aid Provides access to postsecondary education. Helps pay expenses such as tuition and fees, room and board, books and supplies, and transportation. Cost of Attendance

More information

Mike Johnson, Director of Financial Aid Pacific University

Mike Johnson, Director of Financial Aid Pacific University Mike Johnson, Director of Financial Aid Pacific University Community Colleges $ 4,200 tuition, $16,000 total Public Colleges and Universities $ 8,300 tuition, $22,800 total Private Colleges and Universities

More information

You can find detailed information about education tax benefits at www.nasfaa.org/students/

You can find detailed information about education tax benefits at www.nasfaa.org/students/ College is one of the best investments you Can make, but it Can be expensive. Savvy students and families can dramatically reduce their out-of-pocket costs by taking advantage of all the student financial

More information

College is one of the best investments you can make, but it can be expensive.

College is one of the best investments you can make, but it can be expensive. College is one of the best investments you can make, but it can be expensive. Savvy students and families can dramatically reduce their out-of-pocket costs by taking advantage of all the student financial

More information

Rochelle Filler. Assistant Director of Financial Aid Rensselaer Polytechnic Institute

Rochelle Filler. Assistant Director of Financial Aid Rensselaer Polytechnic Institute Rochelle Filler Assistant Director of Financial Aid Rensselaer Polytechnic Institute National Association of Student Financial Aid Administrators What You Need to Know about Financial Aid Topics We Will

More information

What You Need to Know about Financial Aid

What You Need to Know about Financial Aid National Association of Student Financial Aid Administrators What You Need to Know about Financial Aid Topics We Will Discuss Tonight What is financial aid Cost of attendance (COA) Expected Family Contribution

More information

Learning Today, Leading Tomorrow FINANCIAL AID

Learning Today, Leading Tomorrow FINANCIAL AID Learning Today, Leading Tomorrow STUDENT FINANCIAL AID SUCCESSFULLY NAVIGATING THE STUDENT FINANCIAL AID PROCESS The Northern Illinois University Student Financial Aid Office (SFAO) is pleased to assist

More information

FINANCIAL AID FOR LAW SCHOOL: A PRELIMINARY GUIDE. LSAC.org

FINANCIAL AID FOR LAW SCHOOL: A PRELIMINARY GUIDE. LSAC.org LSAC.org FINANCIAL AID FOR LAW SCHOOL: A PRELIMINARY GUIDE INTRODUCTION Legal education is an investment in your future and is a serious financial investment as well. As with any investment, it is important

More information

it ta kes a n i n v e s tm en t to build a future

it ta kes a n i n v e s tm en t to build a future it ta kes a n i n v e s tm en t to build a future fin anci al a i d invest in a lasting foundation A university education requires significant investments of time, effort and money. To help you get the

More information

The SAMFund Presents: Going Back to School Post-Cancer: The Pros, Cons and Hows. Agenda. Going Back to School: The Pros

The SAMFund Presents: Going Back to School Post-Cancer: The Pros, Cons and Hows. Agenda. Going Back to School: The Pros The SAMFund Presents: Going Back to School Post-Cancer: The Pros, Cons and Hows Sherri Avery Director of Financial Aid and Student Employment Brandeis University savery@brandeis.edu Agenda Pros and cons

More information

National Association of Student Financial Aid Administrators Presents What You Need to Know About Financial Aid

National Association of Student Financial Aid Administrators Presents What You Need to Know About Financial Aid National Association of Student Financial Aid Administrators Presents What You Need to Know About Financial Aid 2014 NASFAA Topics We Will Discuss Tonight What is financial aid? Cost of attendance (COA)

More information

2015-2016 Guide to Applying/Reapplying 2014. for Financial Aid at USD for Undergraduate Students. USD Office of Financial Aid

2015-2016 Guide to Applying/Reapplying 2014. for Financial Aid at USD for Undergraduate Students. USD Office of Financial Aid 2015-2016 Guide to Applying/Reapplying 2014 for Financial Aid at USD for Undergraduate Students USD Office of Financial Aid Table of Contents The Application Process... 3 Eligibility for Financial Aid...

More information

Financial Aid Overview

Financial Aid Overview Financial Aid Overview ww.fafsa.ed.gov Presented by: Dorothy Nacita Santa Ana College Financial Aid Office Financial Aid Myths Students with highest GPAs get all the aid Not in full time, won t qualify

More information

HELPFUL FINANCIAL AID HINTS...

HELPFUL FINANCIAL AID HINTS... TABLE OF CONTENTS HELPFUL FINANCIAL AID HINTS.........................................................................................1 PAYING FOR COLLEGE.................................................................................................2

More information

What You Need to Know About Financial Aid

What You Need to Know About Financial Aid National Association of Student Financial Aid Administrators Presents What You Need to Know About Financial Aid 2015 NASFAA Topics We Will Discuss Tonight What is financial aid? Cost of attendance (COA)

More information

National Association of Student Financial Aid Administrators Presents What You Need to Know About Financial Aid

National Association of Student Financial Aid Administrators Presents What You Need to Know About Financial Aid National Association of Student Financial Aid Administrators Presents What You Need to Know About Financial Aid 2015 NASFAA Topics We Will Discuss Tonight What is financial aid? Cost of attendance (COA)

More information

Winning at the college financial aid game

Winning at the college financial aid game Winning at the college financial aid game By the numbers Average tuition and fees per year for four-year colleges in 2006-07: 1 Private institutions: $30,367, up 4.6% from the previous year Public colleges:

More information

The on-campus student budget includes tuition, room and board, and an allowance for personal and book expenses.

The on-campus student budget includes tuition, room and board, and an allowance for personal and book expenses. Financial Aid Student Financial Services is an important resource for families, whether or not they apply for financial aid. The College participates in a number of parent financing plans and offers a

More information

FINANCIAL AID FOR LAW SCHOOL: A PRELIMINARY GUIDE. LSAC.org

FINANCIAL AID FOR LAW SCHOOL: A PRELIMINARY GUIDE. LSAC.org LSAC.org FINANCIAL AID FOR LAW SCHOOL: A PRELIMINARY GUIDE INTRODUCTION Legal education is an investment in your future and is a serious financial investment as well. As with any investment, it is important

More information

Ohio Wesleyan University. High School Financial Aid Presentation November 5 th, 2015

Ohio Wesleyan University. High School Financial Aid Presentation November 5 th, 2015 Ohio Wesleyan University High School Financial Aid Presentation November 5 th, 2015 Contact Us for Help Your best source for FREE financial aid information and assistance Assist students with the application

More information

What You Need to Know About Financial Aid

What You Need to Know About Financial Aid National Association of Student Financial Aid Administrators Presents What You Need to Know About Financial Aid 2013 NASFAA Topics We Will Discuss Tonight What is financial aid Cost of attendance (COA)

More information

Applying for Financial Aid. Presented by: Clint Young Office of Student Financial Assistance The George Washington University

Applying for Financial Aid. Presented by: Clint Young Office of Student Financial Assistance The George Washington University Applying for Financial Aid Presented by: Clint Young Office of Student Financial Assistance The George Washington University An investment in knowledge always pays the best interest. Benjamin Franklin

More information

What You Need to Know about Financial Aid

What You Need to Know about Financial Aid National Association of Student Financial Aid Administrators What You Need to Know about Financial Aid Topics We Will Discuss Tonight What is financial aid Cost of attendance (COA) Expected Family Contribution

More information

National Association of Student Financial Aid Administrators Presents What You Need to Know About Financial Aid

National Association of Student Financial Aid Administrators Presents What You Need to Know About Financial Aid National Association of Student Financial Aid Administrators Presents What You Need to Know About Financial Aid 2013 NASFAA Topics We Will Discuss Tonight What is financial aid? Cost of attendance (COA)

More information

Costs. Types of Aid. Forms. How much will it cost you? Net cost for a family of 4 earning $120,000 p/year

Costs. Types of Aid. Forms. How much will it cost you? Net cost for a family of 4 earning $120,000 p/year AGENDA Costs Types of Aid Tips for Being a Wise Consumer How Need Based Aid is Calculated Forms Award Letters Rules for Survival 1 Prices Before Financial Aid University of CT Resident University of RI

More information

Financial Aid Tips Applying for and Receiving College Assistance

Financial Aid Tips Applying for and Receiving College Assistance Financial Aid Tips Applying for and Receiving College Assistance What is Financial Aid? Financial aid is money intended to help students pay for their educational expenses. Typically, aid packages contain

More information

Financial Aid Information Night

Financial Aid Information Night Financial Aid Information Night Welcome to Tonight's Agenda The role of Financial Aid Types of Financial Aid Financial Aid Application Process Lifetime Grant and Loan Limits Financial Aid Need Financial

More information

Office of Financial Aid (OFA) Frequently Asked Questions

Office of Financial Aid (OFA) Frequently Asked Questions Office of Financial Aid (OFA) Frequently Asked Questions Who should apply for Financial Aid? The USD OFA recommends that every eligible* student apply for financial aid. Even if you believe you won t qualify

More information

Applying for Financial Aid 2016-2017 Academic Year

Applying for Financial Aid 2016-2017 Academic Year Applying for Financial Aid 2016-2017 Academic Year Sean Martin Director of Financial Aid Services Telephone: 860-439-2058 E-Mail: finaid@conncoll.edu Where do I start? Visit college websites for: application

More information

TITLE Financial aid overview for parents TITLE

TITLE Financial aid overview for parents TITLE Financial aid overview for parents Understand Your Options Finding the money to pay for college is a concern of many parents because they think they can t afford it. It s important to know that families

More information

Financial Aid 101. UNDERSTANDING THE BASICS Sarah Everitt Associate Director, Financial Aid Gonzaga University

Financial Aid 101. UNDERSTANDING THE BASICS Sarah Everitt Associate Director, Financial Aid Gonzaga University Financial Aid 101 UNDERSTANDING THE BASICS Sarah Everitt Associate Director, Financial Aid Gonzaga University Goal of Financial Aid Primary goal: Assist students in paying for college and is achieved by:

More information

Paying for School Checklist

Paying for School Checklist Paying for School Checklist There is a lot to do to get into college. Planning ahead will save you time and energy in the long run! Use this checklist to stay on track for college. Better yet, use it to

More information

Financial Aid 101 2014-2015. Representative s Name Outreach Representative

Financial Aid 101 2014-2015. Representative s Name Outreach Representative Financial Aid 101 2014-2015 Representative s Name Outreach Representative Agenda Basic Information: What, Who and How How is Financial Need Calculated Federal Programs State Programs Filling out the FAFSA

More information

What You Need to Know about Financial Aid

What You Need to Know about Financial Aid National Association of Student Financial Aid Administrators What You Need to Know about Financial Aid Presented By: Mary Cannon Director of Student Financial Services Mount Vernon Nazarene University

More information

Financing Education Beyond High School

Financing Education Beyond High School Financing Education Beyond High School Claudia A. Wenzel John Carroll University Director of Financial Assistance Topics We Will Discuss The Basics of Understanding the process including: Expected Family

More information

Applying for Financial Aid For High School Seniors. Bryan Dickason California Student Aid Commission 888-224-7268

Applying for Financial Aid For High School Seniors. Bryan Dickason California Student Aid Commission 888-224-7268 Applying for Financial Aid For High School Seniors Bryan Dickason California Student Aid Commission 888-224-7268 Financial Aid Comes from Multiple Sources Start early (now) Keep a college folder Cover

More information

What You Need to Know about Financial Aid

What You Need to Know about Financial Aid What You Need to Know about Financial Aid Topics We Will Discuss Tonight Categories, types, and sources of financial aid What is financial aid Cost of attendance (COA) Expected Family Contribution (EFC)

More information

FINANCIAL AID VOCABULARY

FINANCIAL AID VOCABULARY Award Letter Notification of the terms and requirements of the financial aid package offered by a college. College Scholarship Service (CSS) Profile A financial aid application, in addition to the FAFSA,

More information

AFFORDABILITY 101. The Basics of College Financial Aid. Sandra M. Moore, MA, Next Step CC, LLC

AFFORDABILITY 101. The Basics of College Financial Aid. Sandra M. Moore, MA, Next Step CC, LLC AFFORDABILITY 101 The Basics of College Financial Aid Sandra M. Moore, MA, Next Step CC, LLC Welcome! Let s demystify this process! One step at a time less stress for all. No guarantees but before you

More information

NEW JERSEY CITY UNIVERSITY. Guide to Financial Aid

NEW JERSEY CITY UNIVERSITY. Guide to Financial Aid NEW JERSEY CITY UNIVERSITY Guide to Financial Aid Fastfact: NJCU graduates include a fashion magazine art director, a NJ Assembly person, a police captain, a news anchor and a corporate vice president!

More information

What you Need to Know About Financial Aid 2015-16

What you Need to Know About Financial Aid 2015-16 What you Need to Know About Financial Aid 2015-16 ~ Thanks to ~ Pine Creek High School College Counseling Staff of District 20 National Association of Student Financial Aid Administrators US Department

More information

MEFA s Guide to. College Financing

MEFA s Guide to. College Financing MEFA s Guide to College Financing About MEFA Not-for-profit state authority created in 1982 Helping families plan, save, and pay for college Keeping you on track with college planning: MEFA.org: tools

More information

YOUR GUIDE TO FINDING THE FUNDS FOR COLLEGE

YOUR GUIDE TO FINDING THE FUNDS FOR COLLEGE YOUR GUIDE TO FINDING THE FUNDS FOR COLLEGE Funded by the Education Services Foundation, our mission is to help Mississippi students plan and pay for college. Jackson: 601.321.5533 Gulf Coast: 228.875.4441

More information

What You Need to Know About Financial Aid

What You Need to Know About Financial Aid National Association of Student Financial Aid Administrators Presents What You Need to Know About Financial Aid Presented By: Dr. Linda Williams Sierra Community College 2015 NASFAA Topics We Will Discuss

More information

FREQUENTLY ASKED QUESTIONS ABOUT FINANCIAL AID

FREQUENTLY ASKED QUESTIONS ABOUT FINANCIAL AID FREQUENTLY ASKED QUESTIONS ABOUT FINANCIAL AID Numerous inquiries are made by students and their parents about financial aid programs available at our school. In anticipation of some of the questions you

More information

Financial Aid 101 Understanding the Basics

Financial Aid 101 Understanding the Basics FAFSA (Free Application for Federal Student Aid) Financial Aid 101 UNDERSTANDING THE BASICS Electronic Application developed by US Dept. Education o Application can be found at www.fafsa.ed.gov Evaluates

More information

You Can Do This. About MEFA. Not-for-profit state authority created in 1982. Helping families plan, save, and pay for college

You Can Do This. About MEFA. Not-for-profit state authority created in 1982. Helping families plan, save, and pay for college MEFA s Guide to College Financing Presented by: About MEFA Not-for-profit state authority created in 1982 Helping families plan, save, and pay for college Keeping you on track with college planning: mefa.org:

More information

2015-2016 REQUEST FOR CONSIDERATION OF SPECIAL CIRCUMSTANCES

2015-2016 REQUEST FOR CONSIDERATION OF SPECIAL CIRCUMSTANCES Financial Aid Office PO Box 359 Sheboygan, WI 53082-0359 Fax: 920-565-1070 INDEPENDENT STUDENT 2015-2016 REQUEST FOR CONSIDERATION OF SPECIAL CIRCUMSTANCES Student Name: Social Security or LC Student ID

More information

How to Complete the FAFSA 2009 2010

How to Complete the FAFSA 2009 2010 How to Complete the FAFSA 2009 2010 Admissions & Enrollment Center 734-462-4426 Office of Financial Aid 734-462-4433 www.schoolcraft.edu Why complete a FAFSA? The FAFSA is required for all federal and

More information

Financial Aid 101 for Bursars

Financial Aid 101 for Bursars Financial Aid 101 for Bursars University of Delaware The University of Delaware, a state assisted, Land Grant, Sea Grant, Space Grant, Carnegie Research University Total Enrollment: 21,489 Undergraduate:

More information

OBJECTIVES. The BIG Idea. How do I prepare to complete the FAFSA? Approx. 45 minutes I. Warm Up (5 minutes)

OBJECTIVES. The BIG Idea. How do I prepare to complete the FAFSA? Approx. 45 minutes I. Warm Up (5 minutes) 4 Financial Aid FAFSA I The BIG Idea How do I prepare to complete the FAFSA? AGENDA Approx. 45 minutes I. Warm Up (5 minutes) II. FAFSA Scavenger Hunt (10 minutes) III. Overview (15 minutes) IV. Next Steps

More information

What documents do I need when I file my FAFSA?

What documents do I need when I file my FAFSA? How do I apply for financial aid? To apply for financial aid, a student must fill out a FAFSA. FAFSA stands for the Free Application for Federal Student Aid and can be completed at www.fafsa.gov. You should

More information

Financial Aid Calendar

Financial Aid Calendar Financial Aid Calendar Apply Early. Apply Right. There is no need to be intimidated by the prospect of applying for financial aid. Millions of families apply for aid successfully each year. Use this calendar

More information

Financial Aid 101. Orange High School February 3, 2015. Please sign in!

Financial Aid 101. Orange High School February 3, 2015. Please sign in! Financial Aid 101 Orange High School February 3, 2015 Please sign in! The Order of Things Most adults first identify a goal (buy a car, take a vacation, pay for college, etc). Their second thought is usually,

More information

Financial Aid Application for Academic Year 2015-16

Financial Aid Application for Academic Year 2015-16 CHRISTENDOM COLLEGE Financial Aid Application for Academic Year 2015-16 Financial Aid Office 134 Christendom Drive Front Royal, Virginia 22630 800.877.5456 ~ apolk@christendom.edu www.christendom.edu The

More information

National Association of Student Financial Aid Administrators Presents What You Need to Know About Financial Aid

National Association of Student Financial Aid Administrators Presents What You Need to Know About Financial Aid National Association of Student Financial Aid Administrators Presents What You Need to Know About Financial Aid 2014 NASFAA Topics We Will Discuss Tonight What is financial aid? Cost of attendance (COA)

More information

Financial Aid at. To our students and their families: What is need-based financial aid? Who should apply for financial aid?

Financial Aid at. To our students and their families: What is need-based financial aid? Who should apply for financial aid? Financial Aid at To our students and their families: Boston College remains committed to the practice of admitting students solely on the basis of the strength of their academic and personal accomplishments,

More information

Financial Aid 2014-2015. Gloucester High School Counseling Department

Financial Aid 2014-2015. Gloucester High School Counseling Department Financial Aid 2014-2015 Gloucester High School Counseling Department Presentation Overview Terms and Definitions Federal and State Aid FAFSA Process Necessary Forms FAFSA Worksheet Common FAFSA Errors

More information

What You Need to Know About Financial Aid

What You Need to Know About Financial Aid National Association of Student Financial Aid Administrators What You Need to Know About Financial Aid Topics We Will Discuss Tonight What is financial aid Cost of attendance (COA) Expected Family Contribution

More information

FINANCIAL AID 101. Claire Alasio Associate Vice President for Enrollment Management Director of Financial Aid Monmouth University

FINANCIAL AID 101. Claire Alasio Associate Vice President for Enrollment Management Director of Financial Aid Monmouth University FINANCIAL AID 101 Claire Alasio Associate Vice President for Enrollment Management Director of Financial Aid Monmouth University Role of the Financial Aid Office Evaluate a family s ability to pay for

More information

How do you receive financial aid?

How do you receive financial aid? What types of financial aid are available and in what order are they awarded? 1. Scholarships and Fee Waivers 2. Grants 3. Work-Study 4. Student Loans: Subsidized, Unsubsidized, Perkins, Parent PLUS How

More information

Financial Aid Consumer Information

Financial Aid Consumer Information Financial Aid Consumer Information In accordance with federal regulations set forth by the Higher Education Act of 1965, as amended, NCE provides this Student Disclosures Schedule as means to disseminate

More information

TO IMPORTANT FINANCIAL AID INFORMATION. Frequently Asked Questions & Answers for Parents of College Students

TO IMPORTANT FINANCIAL AID INFORMATION. Frequently Asked Questions & Answers for Parents of College Students TO IMPORTANT FINANCIAL AID INFORMATION Frequently Asked Questions & Answers for Parents of College Students Welcome to Red Rocks Community College and the Financial Aid Office. We hope that your students

More information

Gettin Paid. To Attend College

Gettin Paid. To Attend College Gettin Paid To Attend College The Basics of Gettin Paid Student & family may be responsible for paying portions of college costs. Financial aid provides resources to help families who are unable to cover

More information

HSMSE FINANCIAL AID PRESENTATION

HSMSE FINANCIAL AID PRESENTATION Crystal Bonds, Principal HSMSE FINANCIAL AID PRESENTATION Presented by: Wade A. Klein HSMSE Director of College Services & School Counselor Overview Overview of the Financial Aid Process Steps to Submitting

More information

UNC Wilmington Office of Scholarships & Financial Aid Seahawk Saturday September 2015

UNC Wilmington Office of Scholarships & Financial Aid Seahawk Saturday September 2015 UNC Wilmington Office of Scholarships & Financial Aid Seahawk Saturday September 2015 Cost of Attendance & Average Award Applying for aid Verification Types of aid Eligibility Additional Tips VA Benefits

More information

Student Financial Services: Understanding Financial Aid

Student Financial Services: Understanding Financial Aid Student Financial Services: Understanding Financial Aid Employee Financial Aid Night 2011 Overview What is Financial Aid? Free Application for Federal Student Aid (FAFSA) CSS PROFILE How do colleges give

More information

Financial Aid Guide. www.esu.edu A member of the Pennsylvania State System of Higher Education 2013-2014

Financial Aid Guide. www.esu.edu A member of the Pennsylvania State System of Higher Education 2013-2014 East Stroudsburg University of Pennsylvania Financial Aid Guide 2013-2014 Application Process Aid Programs FAFSA Filing Tips Alternative Options www.esu.edu A member of the Pennsylvania State System of

More information

2016-2017 GUIDE TO FINANCIAL AID AND FUNDING RESOURCES

2016-2017 GUIDE TO FINANCIAL AID AND FUNDING RESOURCES 2016-2017 GUIDE TO FINANCIAL AID AND FUNDING RESOURCES PAGE 2 COST OF ATTENDANCE The cost of your Trinity education includes both direct costs and indirect expenses. Direct costs will be listed on the

More information

Paying for College. Chapter. About Financial Aid

Paying for College. Chapter. About Financial Aid Chapter S4 Paying for College About Financial Aid A four-year college education now costs anywhere between $40,000 and $200,000, depending on whether you attend a public or a private institution. While

More information

It s Time to Apply for Financial Aid

It s Time to Apply for Financial Aid It s Time to Apply for Financial Aid Minnetonka High School Webinar January 11, 2013 Speakers for this presentation Kathy Ruby (former) Dean of Student Financial Aid St. Olaf College Janet Swiecichowski

More information

Learning About Financial Aid. Katherine Allen Financial Aid Workshop November 14, 2015

Learning About Financial Aid. Katherine Allen Financial Aid Workshop November 14, 2015 Learning About Financial Aid Katherine Allen Financial Aid Workshop November 14, 2015 Topics for Today College Costs Types of Financial Aid All About the FAFSA What Happens Next? Direct Cost Expenses paid

More information